News Story

Retailer: 720 and PS4 not out til 2014

US videogame retailer GameStop thinks that the next generation of Sony and Microsoft consoles won't be for a while, as senior execs during a series of investor meetings told their shareholders that they don't expect the Xbox 720 ad PlayStation 4 til 2014.

In a statement from the meetings, "Management does not expect new hardware consoles from Microsoft and Sony until 2014; however, a successful launch of Nintendo's Wii U in 2012 could add pressure to accelerate a hardware refresh.

"GameStop is also upbeat on the coming launch of Sony's PlayStation Vita handheld gaming device, which has a $249 price-point within the reach of many gamers.

"As for the motion controller launched a year ago, management indicated more software is needed to maintain sales momentum."